4-storey RC apartment building with ground-floor tenant, Shimonoseki
$37,900¥5,980,000
Read the original in EnglishDetails
- Price
- ¥5,980,000
- Building
- 268 m² · 2,885 ft²
- Land
- 75.99 m² · 818 ft²
- Structure
- Reinforced concrete
- Floors
- 4
- Location
- Shimonoseki, Yamaguchi
- Address
- 山口県下関市長門町Shimonoseki, Yamaguchi, Japan
Features
Walk to station
Description
I bought this building about five years ago intending to renovate each room and use them as rental units. However, my main job has kept me busy and the rooms have never been renovated to this day. It is being sold as a whole building with an existing tenant. The building has many rooms and is in a good location, an 8-minute walk from the east exit of Shimonoseki Station, so it should be useful to a buyer who is able to renovate it.
Work I carried out: the building had roof leaks when I purchased it, so I had the rooftop and exterior walls waterproofed at a cost of about 1.5 million yen (April 2021). There have been no leaks since, but one room on the 2nd floor and the 3rd and 4th floors are in quite poor condition. The property is sold as-is.
Good points: it is close to the station, and there is a restaurant on the 1st floor that provides rental income. Drawback: there are many rooms, so renovating them for use will take time and money. *The 1st-floor restaurant will move out at the end of September 2026.
*My building is the one on the right.
[Property Overview]
Location: Nagato-cho, Shimonoseki, Yamaguchi Prefecture
Land: 75.99 sq m
Building: 268 sq m
Structure: Reinforced concrete, 4 storeys above ground
Current status: 1st floor leased to a tenant; 2nd floor (2 rooms), 3rd floor (2 rooms) and 4th floor (2 rooms), 6 rooms in total, untouched
Asking price: 5.98 million yen *reduced due to the 1st-floor tenant moving out
Yield: 7.9% (current status). Expected annual income 780,000 yen (65,000 yen per month) *until June 2026
*The transaction is on an as-is basis and based on the registered (official record) land area.
Translated from Japanese · show original
各部屋を改修して貸家として活用しようと5年ほど前に購入しましたが、本業が忙しく、部屋の改修ができないまま本日に至っています。賃貸中マンション1棟での売却です。本物件は多くの部屋があり、下関駅東口から徒歩8分の好立地ですので、改修可能な方でしたらご活用いただける物件かと思います。
当方で手を入れたところは購入時に雨漏りがあり、ビル屋上や外壁を150万円ほどかけて防水工事しました(2021年4月)。以来雨漏りはありませんが、2階の1部屋と3階と4階はかなり傷んでいます。現状のままの販売となります。
良いところは、駅近であることと、1階に飲食店があり家賃収入が得られることです。難点は部屋数が多く、活用するには改修の手間と費用が掛かることです。※1階飲食店は2026年9月末に退去
※当方のビルは右側です。
【物件概要】
場所：山口県下関市長門町
土地：75.99㎡
建物：268㎡
構造：鉄筋コンクリート造 地上4階建
現況：1階テナント貸出中 2階/2部屋・3階/2部屋・4階/2部屋 合計6部屋は手つかず
希望価格：598万円 ※1階退去に伴い減額
利回り：7.9％(現況) 年間予定収入780,000円(月額65,000円)※2026年6月まで
※現状有姿、および公簿売買でのお取引きとなります。
Location
Shimonoseki, Yamaguchi, Japan
Listed on
Ieichiba
Contact the seller or municipality through the original listing.
ieichiba.com/project/P202600150%E4%B8%8B%E9%96%A2%E9%95%B7%E9%96%80%E7%94%BA
Buying from abroad? Foreigners can buy property in Japan with no residency requirement. Budget roughly 7–10% on top of the price for taxes, registration and agent fees.
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